Trade Management Software Market Trends, Application Analysis, Growth and Forecast to 2019-2023

Market Highlights:

Global trade management software is a type of software that streamlines and automates the entire process of global trade across customs and regulatory compliance, logistics, and trade financing. The rapid increase in the globalization and outsourcing process in the recent years, which leads to the complexity in the supply chain process of international trade is expected to increase the demand of trade management software market during the forecast period (2018—2023.)

Globally, the Trade Management Software Market is categorized into component, deployment, organization size, and vertical.

The component segment of global trade management software market is categorized into solution and services.

The solution is segmented into trade function, import/export management, vendor management, trade compliance, duty management, supply chain visibility, invoice management, and others.

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The services are segmented into consulting, implementation, and support & maintenance.
Depending on the deployment, the global trade management software market is categorized into on-premise and cloud.

By organization size, the market is segmented into large enterprise and small and medium enterprise.

Furthermore, the vertical segment of global trade management software market is segmented into transportation and logistics, government and public, Healthcare and life sciences, aerospace and defense, manufacturing, consumer goods and retail, energy utilities and others.

Key Players:

Some of the key players of global trade management software market includes Amber Road Inc, Aptean Inc, Integration Point Inc, Livingston International Inc, MIC Customs Solutions, MIQ Logistics, Oracle Corporation, Precision Software, QuestaWeb Inc, SAP SE
The Global Trade Management Software market is expected to reach approximately USD 1.35 Billion by 2023 growing at a ~9.1% CAGR over the forecast period 2018-2023.

Segmentation:

• The global trade management software market is segmented into component, deployment, organization size, and vertical.
• By component, the market of global trade management software market is sub-segmented into solution and services.
• The solution is segmented into trade function, import/export management, vendor management, trade compliance, duty management, supply chain visibility, invoice management, and others.
• The services are segmented into consulting, implementation, and support & maintenance.
• By deployment, the market is segmented into cloud, on-premise.
• By organization size, the market is segmented into large enterprise and small and medium enterprise.
• By vertical, the market is segmented into transportation and logistics, government and public, Healthcare and life sciences, aerospace and defense, manufacturing, consumer goods and retail, energy utilities and others.

Regional Analysis:

The geographical analysis of the global trade management software market is studied for North America, Europe, Asia-Pacific, and the rest of the world.

North-America is dominating the global trade management software market during the forecast period( 2018—2023) due to the presence of major key players of this market such as Oracle Corporation, Aptean, Integration Point, Inc., Precision Software, Thomson Reuters among others in this region. The other factors that are responsible for the growth in the demand of trade management software is the presence of early technology adopters and is a host to innovative technologies.

Asia-Pacific is expecting to reach highest CAGR during the forecast period (2018—2023) due to the extensive implementation of cloud-based technologies across various verticals, and increased adoption of digital technologies in countries such as China and India.

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Target Audience:

• Trade organizations
• Government agencies
• Industrial users
• Freight forwarders
• Global trade management vendors
• Enterprise users

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